Adjustable Rate Mortgages (ARMs) are making a comeback

Posted on October 29, 2018November 7, 2018 by Mr. Irish

How would you like a full point off the current fixed mortgage rate? It’s possible. As interest rates begin to rise, Adjustable Rate Mortgages (ARMs) are making a comeback with rates that can be up to a full percentage point below a fixed 30 year rate. These ARMs are not the same crazy loans with there interest only terms or low introductory rate that got so many folks in trouble in the last housing crisis. New regulations require ARM borrowers to pay principal as well as interest payments...

Stock Market Nerves? Consider Real Estate investing

Posted on October 29, 2018November 7, 2018 by Mr. Irish

With the stock market nearing all time highs, it’s easy to get nervous when it comes to your pension or 401k savings. Maybe it’s time to move some of those nest eggs out of the basket. Ever consider investing in bricks and mortar as part of your retirement strategy? Changing jobs and have a 401k rollover? Great time to think about Self Directed IRA. Invest in Real Estate with Self Direct IRAs With a Self Directed IRA, you can purchase Real Estate like a rental property, a fix-and-flip or ...

Winter is a great time to sell!!

Posted on October 29, 2018November 7, 2018 by Mr. Irish

Contrary to popular belief the best time to sell your home is in Winter.The sales stats from Redfin and Trulia support these findings. So if you’re thinking about waiting until Spring...Don’t! Here are a few reason why: Less homes for sale means more attention. There are very few homes available at the start of the new year and if yours is the only one available, you will have serious interest. Waiting until Springs means more inventory and more distractions for prospective buyers. Seri...

Home Safety – CO alarm required in your home

Posted on October 29, 2018October 29, 2018 by Mr. Irish

When representing buyers or sellers I have a checklist I run through as matter of fact. Sometimes it creates a "Did you know" revelation for my clients. Here's one that comes up frequently. Carbon Monoxide/smoke alarms are required. In 2009 the State of Colorado and City & County of Denver passed ordinances requiring Carbon Monoxide (CO) alarms in residences. So if your selling a property or buying one, you need to make sure it's there and in working order. Where to look? Requiremen...

No Appraisals Needed

Posted on October 29, 2018November 7, 2018 by Mr. Irish

Fannie Mae is now allowing select purchase transactions to close without an appraisal. If the Buyer puts at least 20% down, the property may receive a Property Inspection Waiver (PIW), when the loan application is run through the automated underwriting software – which means the appraisal is not required! The Lender is not required to have the appraisal completed; the Borrower, however, can decide to request the appraisal. Need to get your pre approval? I can refer you to a team of lenders...

Brass is Back Baby!!

Posted on October 29, 2018March 21, 2019 by Mr. Irish

Don't be too quick to update that brass faucet Yes, the metal that dated so many bathrooms appears to be making a strong comeback in home design circles. The use of mixed metals in kitchens and bathrooms is gaining traction as is evident in these pictures with brushed brass, copper and stainless all cohabiting. Old school forced us to match everything in a harmonious and flowing way. The new train of thought is that sometimes too much matching is not a good thing and we should mix it up. Crea...